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ECON 207. Applied Economic Optimization

  • Application of linear algebra, calculus , unconstrained , constrained optimization techniques , economic problems, Learning outcomes, ability, identify the objective.
  • decision variables , constraints, economic decision problems, represent elements of an economic problem, simple mathematical models, identify, apply mathematical tools, solve the problems.
  • identify the strengths, limitations of the solution method, interpret the economic meaning, implications of the solution

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